Banking Awareness Quiz Set 21

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Banking Awareness Quiz Set 21

1. Export of services like shipping and insurance which can earn foreign exchange without the transfer of goods from one country to another is known as

A. Invisible Export

B. Visible Export

C. Open export

D. Closed export

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2. This organisation is made for empowering Micro, Small and Medium enterprises in India?

A. ECGC

B. RBI

C. RRB

D. SIDBI

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3. Bancassurance can be sold to

A. Insurance Agents

B. Insurance companies

C. Banks

D. All existing and prospective bank customers

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4. By opening and investing in the Tax Saver Deposit Account Scheme in a bank, a customer would get benefit under___________

A. Excise Duty

B. Customs Duty

C. Sales Tax

D. Income Tax

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5. Savings account with zero balance can be opened for

A. Students

B. BPL

C. With respect to Bank’s policies

D. Under Financial Inclusion scheme

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6. The cheque having a date subsequent to the date on which it is drawn is known as

A. Post-dated cheque

B. Pre-dated cheque

C. Stale Cheque

D. Anti-dated cheque

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7. These are financial instruments used by the investors that are not registered with the SEBI to invest in Indian securities.

A. Participatory notes

B. Promissory Notes

C. Treasury Bills

D. None of these

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8. This is the amount of capital a bank or other financial institution has to hold as required by its financial regulator.

A. CRR

B. CAR

C. CRA

D. None of these

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9. It is the extension of very small loans to the unemployed, to poor entrepreneurs and to others living in poverty who are not considered bankable.

A. Macro Credit

B. Medium Credit

C. Micro Credit

D. None of these

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10. These are the lowest risk category instruments for the short term. RBI issues them at a prefixed day and for a fixed amount.

A. Commercial Bills

B. Certificate of deposits

C. Letter of Credit

D. Treasury Bills

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11. The largest bank Imperial bank was nationalized in 1955 and rechristened as State Bank of India on the recommendation of which committee?

A. Rangarajan Committee

B. Chelliah Committee

C. Rekhi Committee

D. Gorewala Committee

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12. Which public sector bank of India is the first fully Indian bank, established by the Indian capital?

A. Bank of Baroda

B. State Bank of India

C. Central Bank of India

D. Punjab National Bank

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13. When RBI sells government securities its meaning is?

A. Liquidity in banking increases

B. Liquidity gets diminished

C. Liquidity remains unchanged

D. None of these

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14. SEBI was established in the year

A. 1994

B. 1990

C. 1992

D. 1982

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15. With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of account holder, the following
facility was introduced for bank account in our country.

A. Guarantee

B. Registration

C. Nomination

D. Will

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16. Which of the following rates are decided by the RBI called as “Policy Rate”?